2 months are remaining and then 2017 will start so I dont think so that price of bitcoin will reach 1200$, because it is almost double amount that is going right now. I would say that the price will be in between 800$ to 900$ at the end of this year.

The fact is that people thought the bitcoin would go to a higher amount due to the halving that was incoming back in the days, at the end it never really did a lot for us with that price but that is the reason in the overall.

Everytime the price starts to make some noticeable movements, all these predictions start coming out. Expectations are rising and more people are becoming interested and suddenly are buying again. The volume yesterday can be compared to that of two months ago when the price was recovering from a knee jerk reaction to the bitfinex hacking incident.

Everytime the price starts to make some noticeable movements, all these predictions start coming out. Expectations are rising and more people are becoming interested and suddenly are buying again. The volume yesterday can be compared to that of two months ago when the price was recovering from a knee jerk reaction to the bitfinex hacking incident.

This is correct.all expert in speculation will come out and try to predict what will the outcome of the price of bitcoin but suddenly not all speculators are correct or hit the speculating price of the bitcoin.Bitcoin movement is just like sports example basketball.the more speculator say's that one team will win, people are so much interested to place bet on that team because it strong then suddenly in the end they loose.for me not always trust the speculation perhaps better study the movement of the bitcoin and then try to analyse what will be the next price

No idea why they would predict that high of a price but those "professional predicters" are just a bunch of amateurs aswellI THINK highest we will be seeing this year is going to be 700$ nothing more that's already difficult to rich imo.

This was purely because of the halving that was coming, everyone was thinking that it would hit a very nice price but at the end it never did this..Its not a very bad thing but also not a great thing that every came up these year.

It was predicted that bitcoin price for this year will go up to 1.2k but that didnt happened until now so i think that for this year the maximum price that bitcoin can go is 700-800 USD, everything can happen but I'm based on the latest trend this year until now.

Well, bitcoin users already have always prayed about bitcoin price increases. especially if they are holding bitcoin is very much in their wallet. perhaps because they had heard that the price of bitcoin will rise to $ 1,000 at the end of the year, so many people are starting to buy bitcoin until today. however, the price of bitcoin is not likely to pass on the price of $ 1,200 this year, because most likely the bitcoin price stability will be very difficult to go up when the price of bitcoin has reached the price of $ 1,000 this year

Most of the value is predicted by people who have not much experience in trading, so taking their advice is not very smart. If you want a realistic prediction you must find market prediction guru's with authority and make sense of their analysis. But let me tell you that is very hard because there are many imposters around.

It might still reach $1200 as predicted in 2016,if you look at the charts by November it has the ability to reach the maximum attainable value and many will book their profits by December well in time for Christmas.

i think it may be because the number of bitcoin users is increasing continuously and therefore the demand of bitcoin is also increasing and that is the reason that the prediction about the price of bitocin is as high as 1200 USD.

With several expert Bitcoin price predictions for 2016 tapping out at $1200 the coming year will prove the worth of the digital currency once and for all. The optimistic Bit coin price predictions represent quite a turnaround from the start of 2015, when the price of bitcoin was bottoming out firm the bursting of the late 2013 bubble and the Mt, Gox meltdown. If this happens, I will personally sign you a video of me doing the money dance buck naked, I am sure you will be doing the same too.

I also want this to happen but I do not think that it is going to happen with in 2016 because it does not seem like the price is going to rise any time soon. I think that the chance is bigger that the Bitcoin will rise again with in 2017.